WHF
WhiteHorse Finance·NASDAQ
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WHF fundamentals
WhiteHorse Finance (WHF) released its earnings on Nov 10, 2025: revenue was 17.69M (YoY -22.58%), missed estimates; EPS was 0.26 (YoY -33.33%), missed estimates.
Revenue / YoY
17.69M
-22.58%
EPS / YoY
0.26
-33.33%
Report date
Nov 10, 2025
WHF Earnings Call Summary for Q3,2025
- Base Distribution Reset: $0.25 per share (8.8% yield) to align with reduced market spreads and interest rates.
- Fee Waiver: 17.5% incentive fee for 2 quarters, freeing up $0.1 million in Q3 NII.
- Share Buyback: $15 million program to capitalize on 40% discount to NAV.
- Portfolio Challenges: $6.7 million markdowns in Q3, with 2.7% of debt on nonaccrual (vs. 4.9% in Q2).
- Market Trends: Mid-market sponsor spreads at SOFR +450-500bp, nonsponsor at SOFR +600bp+. Focus on lower-leverage nonsponsor deals.
- JV Growth: STRS JV yield 10.3%, fair value $341.5 million, supporting BDC's 1.07x net leverage.
- Recovery Outlook: Troubled assets expected to take 12-24 months to stabilize, with Sklar Brands on track for 2026 sale.
- NAV Discount: Trading at 40% discount, making buybacks accretive.
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Key Indicators
WhiteHorse Finance (WHF) key financial stats and ratios, covering profitability, financial health, and leverage.
WhiteHorse Finance (WHF)'s revenue and profit trends over recent years, visualized with a waterfall chart to showcase the revenue-to-profit funnel.
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WhiteHorse Finance (WHF)'s asset and liability trends over recent years, visualized with a waterfall chart to illustrate changes in its asset-liability structure.
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WhiteHorse Finance (WHF)'s cash flow trends over recent years, visualized with a waterfall chart to illustrate changes in its operating, investing, and financing cash flows.
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Where does WhiteHorse Finance (WHF) generate its revenue? Explore its key revenue streams and top earning regions.
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Track WhiteHorse Finance (WHF) Dividend Yield, Payout Ratio & Sustainability Through Its Dividend History
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You can ask Aime
What guidance did WhiteHorse Finance's management provide for the next earnings period?What is WhiteHorse Finance's latest dividend and current dividend yield?What is WhiteHorse Finance's gross profit margin?Did WhiteHorse Finance beat or miss consensus estimates last quarter?What does WhiteHorse Finance do and what are its main business segments?What is the revenue and EPS growth rate for WhiteHorse Finance year over year?What were the key takeaways from WhiteHorse Finance’s earnings call?What were the key takeaways from WhiteHorse Finance's earnings call?
